Markit PortRec

Markit PortRec allows you to reconcile your positions and align with your counterparty valuations electronically.  It offers financial institutions a reliable, electronic solution to manage valuation and operational risk across ALL asset classes.

Collateral teams are under increasing pressure to engage in more frequent reconciliations, and to standardise processes around dispute resolution.  Markit PortRec automates reconciliation activity and quickly identifies areas of risk to help clients stay ahead of the curve on valuation challenges.

Key Markit PortRec features include:

• Reconciliation dashboard - Monitor critical risk exposure and productivity metrics with graphical dashboard.
• Flexible rules and criteria settings - Customise reconciliation criteria for optimal reconciliation rates.
• Automatic discrepancy identification and alerting - Understand the key causes of breaks without manually analysing data.
• Online dispute resolution - Resolve issues real-time and maintain a full audit trail of the dispute history.
• Side by side valuation comparisons with dollar and percentage difference identifiers - Quickly locate discrepancies for immediate resolution of margin calls.
• Simultaneous daily and month-end reconciliations - Meet monthly audit requirements without compromising daily risk management.
• Bi-lateral reconciliations - Introduce controls and workflows for greater operational efficiency.
• Data conversion tools - Reduce the number of hours spent translating counterparty statements.

Integration with other Markit products to strengthen overall risk management:

• Drill-down to transaction details via Markit Trade Manager to understand confirmation status or current disputes.
• Directly integrate with Markit Portfolio Valuations service to satisfy auditor and regulatory requirements with an independent source of valuations.
• More accurately reconcile on reference entities without manual review using Markit RED™ CDS.